Question 2: Law of Supply and Demand

This chart represents the supply and demand for a chemical used in industry. According to the Law of Supply & Demand, we expect the price for this product to be $200 per ton.

If you don't have a pen or stylus, here is a line that you can move onto the chart:

What if the government passes a law setting a different price, higher or lower than $200 per ton. Pick a price higher or lower than $200 that the government sets, and explain what is likely to happen. The amount that the government sets is your choice, any different price is ok to use. You should mark the chart to help explain your answer, and use specific numbers. What government-ordered price are you discussing? What is likely to happen? Why?